ZK International Group (NASDAQ:ZKIN) Stock Price Down 2.6% – Here’s What Happened

Shares of ZK International Group Co., Ltd. (NASDAQ:ZKIN) dropped 2.6% on Thursday . The stock traded as low as $1.05 and last traded at $1.06. Approximately 5,837 shares were traded during trading, a decline of 61% from the average daily volume of 14,858 shares. The stock had previously closed at $1.0887.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded ZK International Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

ZK International Group Stock Performance

The business’s 50 day moving average is $1.36 and its two-hundred day moving average is $1.46.

About ZK International Group

ZK International Group Co, Ltd. (“ZKIN”) is a China-based company specializing in the design, manufacture and sale of heating, ventilation and air-conditioning (HVAC) products along with building energy conservation and clean energy utilization systems. The company’s core offerings include terminal climate control products such as radiators, fan coil units and heat exchangers, as well as heating systems including electric boilers, heat pumps and solar water heaters. ZKIN’s integrated solutions are designed to improve energy efficiency in residential, commercial and industrial settings.

In addition to its terminal climate control and heating product lines, ZKIN develops clean energy utilization systems that leverage solar thermal technology and thermal storage to reduce reliance on fossil fuels.